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BAKU: Azerbaijan Oil Fund Buys A Gallery Next To 'Armenia' On Tversk

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  • BAKU: Azerbaijan Oil Fund Buys A Gallery Next To 'Armenia' On Tversk

    AZERBAIJAN OIL FUND BUYS A GALLERY NEXT TO 'ARMENIA' ON TVERSKAYA STREET IN MOSCOW

    Azerbaijan Business Center
    Nov 1 2012

    Baku, Fineko/abc.az. The State Oil Fund of Azerbaijan (SOFAZ) starts
    announced investments in Russian real estate.

    The Russian media report that SOFAZ has already applied to the
    Federal Antimonopoly Service with request to review its application
    for purchase of commercial & business center "Actor Gallery" in the
    center of Moscow.

    Earlier Russia's Capital Insurance Group has put up for sale 100%
    of shares of company "Tverskaya, 16" that owns "Actor Gallery".

    The building of the "Gallery" is located in the center of Moscow
    next to store "Armenia" (intersection of Strastnoy Boulevard and
    Tverskaya Street).

    Commercial and business center "Actor Gallery" is a landmark and a
    unique object of elite commercial real estate in Moscow.

    Due to investment policy change, since 2012 the SOFAZ got the right
    to purchase real estate. Previously SOFAZ executive director Shahmar
    Movsumov announced deals on acquisition of Moscow real estate.




    From: A. Papazian
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